If You Are Vacationing in Spain and the Dollar Depreciates

question 146

Multiple Choice

If you are vacationing in Spain and the dollar depreciates relative to the euro, then the dollar buys

• A)more euros.It will take fewer dollars to buy a good that costs 50 euros.
• B)more euros.It will take more dollars to buy a good that costs 50 euros.
• C)fewer euros.It will take fewer dollars to buy a good that costs 50 euros.
• D)fewer euros.It will take more dollars to buy a good that costs 50 euros.

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Definitions:

Magnesium Oxide

A white hygroscopic solid mineral used as an antacid and mild laxative, and in numerous industrial applications.

Balanced Chemical Equation

An equation that represents a chemical reaction with equal numbers of atoms for each element in both reactants and products.

Reduction

A chemical process involving the gain of electrons or the decrease in oxidation state by a molecule, atom, or ion.

Oxidation Number

A measure of the degree of oxidation of an atom in a substance, indicating the number of electrons lost or gained by an atom.